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For everyone else that needs some guidance, read on for a step-by-step guide to writing your very first business plan.We’ve established that a quality business plan is important, but business plans are not one-size-fits-all.If you’re in that small or medium-size bucket, the content and tone of your business plan is very different than, say, a rapid growth startup company or a large corporation.
A business plan helps you to: You’ll need a business plan if you want to secure investment or a loan from a bank.
Read about the finance options available for businesses on the Business Finance Guide website.
As with any business, the key is to remain agile.It's all about the team.
They say that “a good management team divides the tasks and doubles the success.” To this end, having a credible, reliable group of people involved in your business — even simply as advisors — adds further validation that your business is on to something great.
While your product or service may have many key selling points and features, these should be the most important three.
It’s worth noting that, as you progress with your startup business, these selling points may change when you learn what’s most important to your customers.
Download a free business plan template on The Prince’s Trust website.
You can also download a free cash flow forecast template or a business plan template on the Start Up Loans website to help you manage your finances. Get detailed information about how to write a business plan on the Start Up Donut website.
Much like the Title page, the Mission page (page 3) is a branding exercise.
The key element here is your company mission statement.